Reporting on Sherry
July 16, 2015
Category: Media Reporting on Sherry
Banks fail to pass on full interest rate cut to tackle recession
The move by the Bank of Canada to cut its key interest rate will help consumers out a little, but experts say with rates already near record lows, it won’t mean much for individual borrowers. Canada’s big banks trimmed their prime rates by 0.15 percentage points to 2.7 per cent in the wake of the…
July 15, 2015
Category: Media Reporting on Sherry
As a lousy economy tips Ottawa into deficit, will politicians face up to that fact?
He chopped the key overnight interest rate by 25 basis points to 0.5% in the hope it will stimulate Canada’s contracting economy. But that’s the only thing the bank can do to stimulate an economy in recession. Poloz may quibble about using that term, but I’m with most experts who will call this spade a…
April 24, 2015
Category: Media Reporting on Sherry
PRESS RELEASE: Dominion Lending Centres Chief Economist Comments on Bank Of Canada Rate Hold
Dr. Sherry Cooper, Chief Economist for Dominion Lending Centres (DLC) was expecting the Bank of Canada to leave interest rates unchanged today in the wake of the surprising rate cut in late January.